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On September 1,2012 Legal Services Associates (LSA) collected S3,000 in exchange for an agreement to provide services for a period of one year beginning immediately.

image text in transcribed On September 1,2012 Legal Services Associates (LSA) collected S3,000 in exchange for an agreement to provide services for a period of one year beginning immediately. On its December 31, 2012 balance sheet LSA would report liabilities of

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